Serbia issues tax decisions for freelancers for 2021

The Tax Administration of the Republic of Serbia announced today that it has determined by decision the tax obligation for natural persons who are freelancers, who earned income from contracted fees for copyright and related rights and contracted fees for work performed, subject to self-assessment taxation, during the period from January 1 to December 31, 2021.

This decision will affect thousands of individuals who earned income through freelance work throughout 2021. The tax authority aims to clarify the process of declaring and taxing such income. Freelancers were previously required to submit their own tax returns, but this time the administration has made an official determination.

The application particularly covers freelancers working through digital platforms and receiving income directly from abroad. The tax authority emphasizes that these individuals must accurately declare their income and pay taxes on time, otherwise they may face late payment interest and penalties.

Following the decision, freelancers are advised to visit the tax authority's official website or consult financial advisors to learn about their tax obligations. Additionally, the tax authority has set up a special hotline to answer questions about the process.

This development is seen as an important step in regulating and taxing the freelance economy in Serbia. Authorities hope that such regulations will help reduce the informal economy and increase tax revenues.